Advait Energy block deal: Vijay Kedia buys stake worth Rs 17 crore in smallcap counter

Ace investor Vijay Kedia on Wednesday bought 1 lakh shares in Advait Energy Transitions at a price of Rs 1,725 per share. He bought a stake worth Rs 17.25 crore through Kedia Securities Private Limited.

Kedia’s portfolio is among the most followed ace investors on the D-Street. He began investing in the stock market at the age of 19 and started Kedia Securities in 1992, when he was 33.

The smallcap company with a market capitalisation of Rs 1,800 crore on the BSE, is based out of Ahmedabad and offers products and end-to-end solutions for power transmission, substation, and telecommunication infrastructure. The company diversified into renewable energy in 2023. Founded in 2009, Advait Energy Transitions Limited specializes in stringing tools, ACS wire manufacturing, OPGW operations, ERS, turnkey telecom projects, live line installations, and green energy.

The Advait Energy Transitions shares have shot back in action for the past one month rising by 34% in the said period. In contrast, the BSE Sensex has traded flat. The year-to-date returns stand at 5%.

Advait has been a market laggard and its is still trading 7% lower over a one-year period.

The company reported a consolidated net profit of Rs 11.4 crore in Q4FY25 which is up 58% over Rs 7.2 crore reported in the year ago period. The total revenue from operations in the quarter under review stood at Rs 198 crore versus Rs 61 crore, witnessing 225% YoY jump.According to latest corporate shareholdings data compiled by Trendlyne, Kedia publicly holds 15 stocks with a net worth of over Rs 1,475 crore. Among other stocks where Kedia has investments are Sudarshan Chemical, Global Vectra, Tejas Networks, Precision Camshafts, Atul Auto, Mahindra Resorts, Neuland Laboratories and Vaibhav Global.Also Read: Oriental Carbon block deal: BofA buys stake in this Rs 300 crore m-cap counter. Stock surges 20%

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)